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The Latest Breaking News from ET

Nexus, Rainmatter invest Rs 225 crore in Agilitas Sports

Agilitas Sports secured Rs 225 crore from Nexus Venture Partners and Rainmatter. This funding will fuel expansion in manufacturing, brands, and offline retail. The company is building a full-stack sportswear ecosystem. It acquired Mochiko Shoes and launched Lotto and One8 brands. Agilitas is also growing its multi-brand retail format, Sportsyard.

The Economic Times

Companies face hardware talent crunch amid AI boom

India faces a significant shortage of AI hardware engineers, including HVAC, robotics, and industrial automation specialists, as AI adoption surges. This demand, driven by smart manufacturing, EVs, and data centres, has led to a 35% salary increase for these roles. The AI boom now extends beyond software, impacting the entire…

The Economic Times

Oyo parent Prism gets Sebi nod for IPO; plans to raise Rs 6,650 crore: Sources

Hospitality firm Oyo's parent company, Prism, has received SEBI's approval for its IPO, aiming to raise Rs 6,650 crore. The company plans to file an updated draft prospectus within two months, marking its third attempt to go public. This comes as other new-age companies reassess their IPO plans due to…

The Economic Times

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Skyroot Aerospace forecasts Rs 977 crore in revenues by FY27, ahead of Vikram-1 launch

Indian space startup Skyroot Aerospace projects significant revenue growth, aiming for over Rs 13,000 crore by FY32, driven by launch services and satellite systems. Ahead of its maiden orbital launch, the company's space systems division is already generating revenue, with launch services poised to become the primary growth engine.

The Economic Times

Oyo-parent Prism secures Sebi's nod to launch Rs 6,650-crore IPO

Oyo's parent company, Prism, has received approval from Sebi to proceed with its Rs 6,650 crore IPO. The company is expected to be valued between USD 7-8 billion. Prism plans to file its public Updated Draft Red Herring Prospectus by early July, while assessing market conditions for its listing.

The Economic Times

India-US meet to resolve final 'commas and full stops' of bilateral trade pact

India-US trade deal: New Delhi and Washington are resuming trade talks this week. Negotiators will work to finalize a bilateral trade agreement. India aims to secure relief from any tariffs arising from US trade investigations. The two nations are seeking a deal that benefits both countries. New Delhi denies allegations…

The Economic Times

AI paints a pretty infra picture

The global AI race is shifting focus from models to infrastructure, power, and sovereign ecosystems, with energy efficiency becoming a key competitive advantage. Enterprises are prioritising robust infrastructure, security, and talent to support AI adoption, which is still in its early stages but poised for significant growth.

The Economic Times

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Eternal's District ramps up sports push, eyes acquisitions

Eternal's District platform is expanding into India's booming sports market, moving beyond ticketing to venue bookings and brand partnerships. The company is actively seeking acquisitions in sports tech and, last year, launched its 'Play' service for booking sports courts. This move aims to build a comprehensive sports ecosystem, capitalising on…

The Economic Times

Insurers racing to ‘AI-proof’ systems as IRDAI flags risks

Indian insurers are rethinking how they assess cyber risks. Regulators have asked them to review exposure to artificial intelligence-driven cyber threats. Traditional underwriting models may not be enough. New threats like AI-enabled phishing and deepfake fraud are evolving rapidly. Insurers are shifting to new risk assessment frameworks. This is a…

The Economic Times

Palo Alto Networks warns AI-powered cyberattacks could overwhelm enterprises within months: Meerah Rajavel

Palo Alto Networks warns that advanced AI-powered cyberattacks could become widely accessible within months, significantly lowering the barrier for sophisticated attacks. The company's CIO highlights AI's ability to identify and chain vulnerabilities at scale, urging enterprises to rapidly assess infrastructure and adopt AI-assisted security measures to combat this evolving threat.

The Economic Times

Investment platform LVX launches Elvix, an AI tool for private market investors

LVX Ventures has launched Elvix, an AI platform offering continuous investment feedback. Built on extensive private market data, Elvix helps investors evaluate startups and track portfolio risks. This innovation addresses information gaps in private investing. The platform uses proprietary AI to analyze opportunities and monitor performance. Elvix aims to provide…

The Economic Times

Scripbox acquires wealth manager Bluechip Capital to expand offerings

Without disclosing the financial details of the deal, Scripbox said that post the acquisition, Bluechip’s employees and clients would become part of the larger Scripbox ecosystem.

The Economic Times

Peak XV folds Surge into broader early-stage investing amid executive exits, fewer cohorts

Peak XV Partners is reshaping its Surge seed-investing platform. The venture capital firm is integrating Surge more closely with its overall early-stage investment operations. This move follows team exits and a slower cohort intake. Surge will now offer up to $5 million per company. This recalibration aligns with broader trends…

The Economic Times

Clean-label food brand Anveshan raises Rs 150 crore led by Vertex Ventures

Clean-label food brand Anveshan has secured Rs 150 crore in a significant funding round. The investment, led by Vertex Ventures, will fuel expansion into new manufacturing units and product categories. Anveshan aims to make high-quality clean food products accessible to a wider consumer base across India.

The Economic Times

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The Economic Times

Crypto exchange Coinbase to introduce INR rails in India

Coinbase has launched direct rupee deposits and withdrawals in India, a move that gives it a significant advantage over rivals like Binance. The exchange aims to capture a large share of both retail and institutional customers by offering over 500 crypto assets and actively engaging with regulators and potential partners…

The Economic Times

EV-maker Simple Energy raises Rs 250 crore, eyes IPO in FY28 second half

Bengaluru-based Simple Energy has secured Rs 250 crore in funding to boost manufacturing capacity and expand its retail network. The electric two-wheeler maker plans to increase production significantly and aims for an IPO in the second half of FY28, while also preparing to launch more affordable scooter models.

The Economic Times

Delhi HC ruling against Google draws praise from startup founders

The Delhi High Court has ruled Google liable for trademark infringement in keyword advertising, a decision lauded by Indian startup founders like Nithin Kamath and Sridhar Vembu. This verdict could curb practices where competitors bid on trademarked names, diverting traffic and forcing brands to spend on their own keywords.

The Economic Times

For a match made in retail heaven, friction on earth can be real

Quick commerce is transforming Indian retail. Platforms like Blinkit and Zepto now drive a significant portion of online sales for major FMCG companies. This shift captures impulse buys and premium product sales. However, operational costs and competition pose challenges. Brands must diversify their digital strategies beyond just ten-minute deliveries for…

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The Economic Times

Happiest Minds’ Q4 net profit jumps 80% amid AI adoption

Happiest Minds reported a significant 79.9% surge in net profit for Q4 FY26, reaching Rs 61.17 crore, driven by revenue growth and increased adoption of AI-led services. The IT firm's revenue grew 10.9% year-on-year to Rs 604 crore, with its generative AI business more than doubling. The company anticipates continued…

Cinemablend

Wait, CBS Is Getting Paid For Stephen Colbert’s Timeslot Replacement?

Dang, CBS considers it a $55 million deal.

The Economic Times

Industry expects policy continuity, faster execution under Shivakumar in Karnataka

Executives from the technology, semiconductor and digital economy ecosystem said Karnataka’s long-standing strengths in talent, research and innovation are institutional in nature and unlikely to change with a leadership transition. At the same time, they said stable leadership and faster decision-making would help the state compete more effectively with others…

The Economic Times

Listed digital payment majors finally turn a corner in FY26

Growth in the core payments business, expansion across credit products and wider adoption of revenue-generating payment instruments like credit cards on UPI, helped payment companies strengthen their bottom lines.

The Economic Times

Listed new-age internet firms brace for a costly ride as war clouds math

The March quarter was largely stable for companies, with most firms reporting revenue growth in line with expectations and improving operating metrics. However, food delivery, quick commerce, ecommerce, beauty, eyewear, furniture and logistics firms are preparing for higher costs in the upcoming quarters even as consumer sentiment remains uneven.

The Economic Times

'With 50% of India’s capacity, Mumbai is the country’s data centre capital'

Sanghi spoke with ET ahead of the Tech Entrepreneurs Association of Mumbai’s (TEAM) two-day event starting Friday. Others joining the discussions on subjects ranging from AI and jobs were Aakrit Vaish, cofounder of Activate, an early-stage AI fund, and Naiyya Saggi, founder of Babychakra and new-age appliance maker EDT.

The Economic Times

Reliance Jio IPO soon? Mukesh Ambani to provide update on $4 bn public issue at upcoming AGM, says report

Mukesh Ambani is expected to share an update on Jio Platforms’ anticipated IPO at Reliance Industries’ June 19 AGM. Reports suggest Reliance is shifting towards a fresh issue structure to protect retail investors and strengthen Jio’s long-term growth and transparency roadmap.

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